Published: 2025-06-16T02:16:51.000Z
Chart GBP/USD Update: Consolidating, room for pullback
Technical Analyst
4
Lower in consolidation from the 1.3632 13 Jun YTD high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3750 | ** | 13 Jan 2022 year high | S1 | 1.3500 | * | congestion | |
| R3 | 1.3645 | * | Feb 2022 high | S2 | 1.3455 | * | 10 Jun low | |
| R2 | 1.3632 | ** | 13 Jun YTD high | S3 | 1.3435 | ** | Sep 2024 year high | |
| R1 | 1.3600 | * | congestion | S4 | 1.3400 | * | congestion |
Asterisk denotes strength of levelr
02:10 GMT - Lower in consolidation from the 1.3632 13 Jun YTD high as prices unwind overbought intraday studies. However, bullish gains from the May low at 1.3140 suggest room for further gains later to extend the underlying bull trend from the September 2022 year low. Higher will see room to target 1.3645, February 2022 high. Beyond this will see room to 1.3700 congestion then 1.3750, January 2022 year high. Meanwhile, support is raised to the 1.3500 congestion which should now underpin. Below this will open up room to the strong support at 1.3455 and 1.3435/00 area.